Victor Davis Hanson calls it “The Hysterical Style”. The endless yammering for an instant solution to the economic problems of today and the mindless calls for the overturning of the Constitution.
Politicians now predict the implosion of the U.S. auto industry. Headlines warn that the entire banking system is on the verge of utter collapse. The all-day/all-night cable news shows and op-ed columnists talk of another Dark Age on the horizon, as each day another corporation lines up for its me-too bailout.
News magazines depict President-Elect Obama as the new Franklin Delano Roosevelt, facing a crisis akin to the Great Depression. Columnists for the New York Times even dream that George Bush might just resign now to allow the savior Obama a two-month head start on his presidency.
We are witnessing a new hysterical style, in which the Baby Boomer “me generation” that now runs America jettisons knowledge of the past and daily proclaims that each new development requires both a radical solution and another bogeyman to blame for being mean or unfair to them.
How much of the hysteria is media hype? Probably quite a lot. Jobless claims fell last month. If the Detroit automakers were to actually have to restructure, life would go on. We have not suffered the actual economic disaster that followed the 1929 crash.
It is simply not as bad as the media is painting it. Remember, these folks have admitted to being in the tank for Obama. How much of this hysteria is purely manufactured to make Obama look better when he takes office? My wife went to the mall a couple of days ago and was shocked to see it packed with shoppers. She had heard media reports that things were awful in the retail sector and expected no crowds. Instead, she left shortly after arriving, frustrated by the horde of shoppers. She has vowed not to go out of the house at all tomorrow, Black Friday.
So, here’s an idea. Go out tomorrow with a camera and take a picture of your local mall’s parking lot. Send them here (A special mailbox named project1 at (this domain) has been set up just for this purpose. I intend to kill the email address after a few days.) with info on when and where you took the picture and I’ll post them. Take some pictures of your local restaurant parking lots as well. The only cure for disinformation is more – good – information.
Are there economic problems right now? Of course there are. Have they mostly been caused by the irresponsible who are now demanding our money to save them from their lousy decisions? Yep. Stop buying the hype and push back. Are you really willing to mortgage your children’s futures to pay bad businessmen huge payouts?